GOP Governor Kim Reynolds Unveils Major Tax Relief Package For Iowans

Reynolds’ plan would “cut Iowans’ personal income taxes by $1.7 billion by 2023..."

GOP Governor Kim Reynolds is following through on her pledges to help Iowa families, unveiling yesterday the most significant tax reform package in decades, including a 23% cut in income tax rates that would boost take home pay.

The Gazette reports that Reynolds’ plan would “cut Iowans’ personal income taxes by $1.7 billion by 2023, revamp rates by eliminating federal deductibility and equalize sales tax collections by treating Main Street and online businesses alike.”

“My plan combines meaningful tax relief while protecting our budget priorities,” Reynolds said. “We’ve prioritized tax relief for middle-class taxpayers, small business owners, teachers and working families across the state. We’re long past due for real tax reform that simplifies and updates our system while allowing Iowans to keep more of their hard-earned money in their communities.”

Kim Reynolds has promised relief for Iowa families, and the unveiling of her major tax relief package shows that she’s committed to delivering on her promise.

The Gazette: Gov. Kim Reynolds Unveils Her Plan For Tax Relief 

Gov. Kim Reynolds unveiled a significant tax reform package Tuesday that seeks to cut Iowans’ personal income taxes by $1.7 billion between now and 2023, revamp rates by phasing out federal deductibility and equalize sales tax collections by treating Main Street and online merchants alike.

Calling her plan the “most significant tax reform package in decades,” Reynolds said her proposal to the Iowa Legislature would provide immediate relief to middle-class families, small-business owners, farmers and teachers starting in tax year 2019.

“My plan combines meaningful tax relief while protecting our budget priorities,” Reynolds said in a statement.

Legislative Republicans hailed it as a good starting point but one they may want to accelerate and compress into fewer brackets. Democrats questioned its affordability and its failure to address the issue of corporate tax credits.

Previously: 

6 hours ago

GOP Governor Charlie Baker Of Massachusetts Named One Of The “World’s Greatest Leaders” By Fortune Magazine

Governor Charlie Baker continues to set a clear example for bipartisan leadership in his second term as Massachusetts’ chief executive.

10 hours ago

Louisiana Loses More Jobs Under Democrat Governor John Bel Edwards

Louisiana lost 1,700 jobs over the last 12 months through March, with the biggest losses in the state’s vital construction industry.

5 days, 12 hours ago

GOP Governor Kim Reynolds Is Making Iowa A National Leader For Children’s Mental Healthcare

Iowa’s State Senate has overwhelmingly passed a bill to create a first-ever statewide children’s mental health system,

6 days, 9 hours ago

In Florida, Ron DeSantis Accelerates Conservative Agenda

As his first legislative session winds down, Florida Gov. Ron DeSantis—elected five months ago by the narrowest of margins—has soared in popularity ...

1 week ago

GOP Governor Matt Bevin’s Kentucky Becoming The “Seat of Advanced Manufacturing In America”

Working families are gaining access to new high-paying jobs as the state’s economy continues to move toward unprecedented new heights.

1 week ago

New Jersey Democrat Gov. Phil Murphy Under Fire For “Patronage Pit” Festering In His Administration

Murphy’s mismanagement of New Jersey has gotten so dire that members of his own party are now openly criticizing his failed leadership.